As Manchin Energy Bill Fails, An Equitrans Midstream Analyst Warns Of Risky Debt Levels
Bank of America Securities analyst Neel Mitra downgraded the rating for Equitrans Midstream Corp’s (NYSE: ETRN ) from Neutral to Underperform, while reducing the price target from $9.00 to $6.50. The Analyst Thesis: The Pittsburgh, Pennsylvania-based company’s Mountain Valley Pipeline (MVP) is unlikely to come online before mid-2025, Mitra said. The downgrade note was published on the heels of Sen. Joe Manchin ''s nixing plans to … Full story available on Benzinga.com
As Manchin Energy Bill Fails, An Equitrans Midstream Analyst Warns Of Risky Debt Levels
Bank of America Securities analyst Neel Mitra downgraded the rating for Equitrans Midstream Corp’s (NYSE: ETRN ) from Neutral to Underperform, while reducing the price target from $9.00 to $6.50. The Analyst Thesis: The Pittsburgh, Pennsylvania-based company’s Mountain Valley Pipeline (MVP) is unlikely to come online before mid-2025, Mitra said. The downgrade note was published on the heels of Sen. Joe Manchin ''s nixing plans to … Full story available on Benzinga.com